The two clubs have been holding talks in London this week, and it appears that they have decided on a transfer fee.

According to TV3, Barcelona will pay the Reds €75 million (£59.5m) for the 27-year-old Uruguay international striker, who will sign a five-year contract with the Spanish giants.

It has also been reported that Barca forward Alexis Sanchez is not part of the deal. The Chile international is reportedly on the radar of both Liverpool and Arsenal, with Juventus also said to be interested in securing the 25-year-old’s services.

However, it has also been reported that the Naples outfit are not interested in signing the former Villarreal custodian on a permanent basis, meaning that Reina will not return to Napoli for the 2014-15 campaign.

Subhankar Mondal

A football journalist based in Wakefield, Subhankar Mondal has previously worked for Goal.com International and Skysports.com, and has had his sports articles published in The Guardian and The Observer. He has also been on the BBC in the past and his name once found its way to the pages of the World Soccer magazine. He was recently cited in a major Louis van Gaal biography.